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Mexico
Mexico is a federal constitutional republic in North America. It is comprised of a federation of thirty-one states and a federal district. Covering almost 2 million square kilometers, Mexico is the fifth-largest country in the Americas by total area and the 14th largest in the world. With a population of 109 million, it is the 11th most populous country and the most populous Spanish-speaking country in the world. It has the 12th largest economy in the world by gross domestic product (GDP), which puts it on par with countries like Canada and Spain, even though income inequality is still high. Mexico has a modern and diversified economy. Recent Government administrations have also improved infrastructure and opened competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports. Oil is Mexico's largest source of foreign income. It is a regional power and is firmly established as an upper middle-income country. According to the director for Mexico at the World Bank, the population in extreme poverty has decreased from 24.2% to 17.6% from 2000-2004. However, income inequality remains a problem, and huge gaps remain not only between rich and poor but also between the north and the south, and between urban and rural areas. Inflation has reached a record low of 3.3% in 2005, and interest rates are low, which have spurred credit-consumption in the middle class. The Fox administration also provided monetary stability: the budget deficit was further reduced and foreign debt was decreased to less than 20% of GDP. New legislation approved by Congress in December, makes it easier for smaller companies to sell shares and lowers the costs of taking on venture capital. The stock exchange expects the number of companies listed to rise from the current 130, to more than 260 in the next five years. While much of the world's economies have been stagnant, Mexico's has been fluorishing. Real Estate in Mexico, has also been experiencing a steady increase. There are long-term plans to combine the USA, Canada, and Mexico into one trading block, using a single currency, that shall be known as the Amero. It is my belief, that in order for this to occur, there has to be close valuation of the currencies. The Canadian Dollar, for example, has surpassed the US Dollar in value. Much of this has occurred in the past two years. It is logical to assume, that the next surge in currency will come from Mexico. Work has already began on the NAFTA super-highway. This is going to be a very large Interstate Highway, stretching from Mexico, through the USA, all the way into Canada. The winds of change are already blowing. Soon Mexico will rise to a higher lever economically.
Mexico Stock RecommendationsDisclaimer: I am not a registered investment advisor. Everything on this website is my opinion and put her for the enjoyment of my readers. I do not recommend making financial decisions based upon my opinions. I advocate doing your own research and making an informed decision. All information put forth on this website was obtained freely via the internet, radio and television. I do not have any contracts or deals with any financial newsletter of any kind. Income generated from this site is done through advertisements. I will always let my reader know if I hold any position on a recommendation I make. |